Lovesac reports preliminary Q2 net sales ~$154M, net loss $0.5-1.5M; restatements ongoing

Lovesac Co

2024-Q2 EPS reported -$0.31 revenue$295,722,000

Preliminary Q2 FY2024 net sales ~$154M, gross margin ~59%, net loss $0.5-1.5M, exceeding prior guidance.
Restating FY2023 and Q1 FY2024 financials due to errors in last mile freight expense accounting.
Delay in filing Q2 FY2024 10-Q; working expeditiously to file amended 10-K and 10-Q.
No scheduled date for final Q2 FY2024 earnings release or conference call yet.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Lovesac Co reported second quarter fiscal 2024 ended July 30, 2023 results: revenue $154 million, net income $0.5 million to $1.5 million.

Period: second quarter fiscal 2024 ended July 30, 2023
Revenue: $154 million
Net income: $0.5 million to $1.5 million
Result: preliminary results

Exact text from the filing

fiscal 2024 ended July 30, 2023, which exceed the guidance ranges provided with first quarter fiscal 2024 results on June 7, 2023: • Net sales are expected to be approximately $154 million • Gross margin is expected to be approximately 59% • Net loss is expected to be in the range of $0.5 million to $1.5 million The select preliminary second quarter fiscal 2024

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

Lovesac Co filing history →

Source: SEC EDGAR

accession 0001628280-23-031159

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.